Magnetar Financial LLC Trims Stake in Blucora, Inc. (BCOR)

Magnetar Financial LLC reduced its position in Blucora, Inc. (NASDAQ:BCOR) by 37.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,350 shares of the information services provider’s stock after selling 5,550 shares during the period. Magnetar Financial LLC’s holdings in Blucora were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in Blucora by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 20,617 shares of the information services provider’s stock valued at $437,000 after acquiring an additional 400 shares during the period. Aperio Group LLC increased its position in Blucora by 3.4% in the 2nd quarter. Aperio Group LLC now owns 13,594 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 453 shares during the period. Nationwide Fund Advisors increased its position in Blucora by 1.8% in the 2nd quarter. Nationwide Fund Advisors now owns 32,020 shares of the information services provider’s stock valued at $679,000 after acquiring an additional 556 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Blucora by 7.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after acquiring an additional 620 shares during the period. Finally, Teachers Advisors LLC increased its position in Blucora by 1.0% in the 2nd quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock valued at $1,582,000 after acquiring an additional 717 shares during the period. 90.73% of the stock is owned by institutional investors and hedge funds.

Blucora, Inc. (NASDAQ:BCOR) opened at $22.55 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23. Blucora, Inc. has a 52-week low of $14.25 and a 52-week high of $26.15. The stock has a market capitalization of $1,040.14, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 0.99 and a beta of -0.32.

Blucora (NASDAQ:BCOR) last released its earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company had revenue of $90.20 million for the quarter, compared to analysts’ expectations of $89.72 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. sell-side analysts forecast that Blucora, Inc. will post 1.14 earnings per share for the current fiscal year.

Several brokerages recently issued reports on BCOR. Benchmark restated a “buy” rating and issued a $30.00 price target on shares of Blucora in a research report on Monday, November 20th. BidaskClub cut Blucora from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, November 1st. Finally, TheStreet cut Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Blucora presently has a consensus rating of “Buy” and a consensus price target of $27.00.

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About Blucora

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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